Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said on Sunday. Read More
NUSA DUA — U.S. Treasury Secretary Janet Yellen met bilaterally with senior officials from Saudi Arabia, Australia, South Africa and Singapore on the sidelines of the Group of 20 (G20) finance meetings in Indonesia, the Treasury Department said on Saturday. Read More
MOSCOW — Russian gas exporter Gazprom said on Saturday it expected Siemens to meet its obligations in full when servicing gas turbines needed for the reliable operation of Nord Stream 1 gas pipeline and energy shipments to Europe. Read More
Jeddah — President Joe Biden will announce on Saturday during an Arab summit that the United States has committed $1 billion in new near and long term food security assistance for the Middle East and North Africa region, a senior administration official said. Read More
NUSA DUA — U.S. Treasury Secretary Janet Yellen on Friday urged Group of 20 major economies to take urgent action to address a short-term food insecurity crisis exacerbated by Russia’s war in Ukraine, and avoid market-distorting export restrictions and stockpiling. Read More
NUSA DUA — Indonesian Finance Minister Sri Mulyani Indrawati on Friday called for a G20 joint forum to come up with concrete action to tackle growing food insecurity and a looming fertilizer supply crisis. Read More
BEIJING — China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a darkening global outlook. Read More
BEIJING — China has been tweaking its stringent COVID curbs but shows no sign of backing off from its “dynamic zero” policy, and has lagged in vaccination efforts that would enable it to do so, casting a heavy shadow over the world’s second-largest economy. Read More
SEOUL — South Korea said on Thursday it is discussing with the United States ways to strengthen cooperation on chip-making, Yonhap News Agency reported. Read More